Tuesday, November 8, 2011
OK, for real this time
Monday, November 7, 2011
Other online products, besides chickenpox lollipops, you should avoid
• Hershey bars laced with syphillis.
• A rack of ribs dipped in dysentery.
• Twinkies covered in vomit.
• Sweet potatoes. I hate sweet potatoes.
Poverty: It's worse than you think
I was wrong:
There were 49.1 million poor using the SPM definition of poverty, more than the 46.6 million using the official definition of poverty with our universe. For most groups, SPM rates are higher than official poverty rates.So that's embarrassing.
The Times' logic wasn't crazy: By adjusting poverty estimates to include more than cash income—things like food stamps and other government-based assistance, and adjusting for regional cost-of-living differences—it seemed likely that the poverty rate would come down. What's a welfare state for, after all?
But the new estimate also improves on the older count by more fully reflecting how people must spend their money. The official definition of poverty from 1964 to this year reflected the cost of food for a small family; the new measure also includes things like taxes, work expenses, child care costs, and out-of-pocket medical bills. On, roughly, the necessities of life—not frivolities.
And it turns out when you actually have to factor in the costs that people have to pay to actually be productive members of society, the poverty rate goes up. This shouldn't be a surprise. (Those medical costs, actually, take up a huge chunk of the bill—which I, about to have my third surgery of the year tomorrow, find not even mildly surprising.)
As Kevin Drum points out, this new measure would be more useful if we had a sense of the trend over time. The country has grown more urban over time, and cities generally cost more to live in than rural areas—they also have more job opportunities—so I wouldn't be surprised to see poverty rates track with the citifying of the nation. It would also be interesting to see what the '90s-era welform reform bill did to these numbers.
Final thought: One conservative line of thought is that if poor people would just get married and have babies, they'd be more likely to enter the middle class. I think that confuses correlation with causation. The new Census measure seems to view kids, economically at least, as a drain on the family resources. It's a good reason not to view everything in economic terms, but I also can't think of any way in which my 3-year-old son actually adds to my income. The new Census figures suggest that kids are less impoverished because of welfare-state programs—and the new methodology suggests not that poor people can escape poverty by making babies, but that people who have escaped poverty are more free to do so. In any case, this report should be fodder for a whole new round of debates.
This is why there's an Occupy Wall Street movement
The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.
Stabilizing the financial system was considered necessary to prevent an even deeper economic recession. But some critics say the Bush administration, which first moved to bail out Wall Street, and the Obama administration, which ultimately stabilized it, took a far less aggressive approach to helping the American people.
“There’s a very popular conception out there that the bailout was done with a tremendous amount of firepower and focus on saving the largest Wall Street institutions but with very little regard for Main Street,” said Neil Barofsky, the former federal watchdog for the Troubled Assets Relief Program, or TARP, the $700 billion fund used to bail out banks. “That’s actually a very accurate description of what happened.”
A recent study by two professors at the University of Michigan found that banks did not significantly increase lending after being bailed out. Rather, they used taxpayer money, in part, to invest in risky securities that profited from short-term price movements. The study found that bailed-out banks increased their investment returns by nearly 10 percent as a result.
Spanking, revisited
Let me revise and amend my remarks, in light of this New York Times story about spanking advocates Michael and Debi Pearl, and their followers who apparently killed their child.
Debate over the Pearls’ teachings, first seen on Christian Web sites, gained new intensity after the death of a third child, all allegedly at the hands of parents who kept the Pearls’ book, “To Train Up a Child,” in their homes. On Sept. 29, the parents were charged with homicide by abuse.
More than 670,000 copies of the Pearls’ self-published book are in circulation, and it is especially popular among Christian home-schoolers, who praise it in their magazines and on their Web sites. The Pearls provide instructions on using a switch from as early as six months to discourage misbehavior and describe how to make use of implements for hitting on the arms, legs or back, including a quarter-inch flexible plumbing line that, Mr. Pearl notes, “can be rolled up and carried in your pocket.”Spanking advocates? I think "beating advocates" is more like it.
Listen: The subject of child discipline is highly fraught, and it's really easy to sit in judgement of people who do it differently than you. But let's be plain: If you read books about how to make weapons to hit your child, you are probably an asshole who doesn't have sense or compassion enough to be a parent.
Philadelphia: Where women are still prostitutes and men are still innocent
And the johns? Off scot-free. Once again.
Some interesting details:
The investigation and subsequent raid by the LCE and the police Citywide Vice Unit had been prompted by community complaints, including those from the spouses of men who'd blown their family's grocery money at the club, said Sgt. Bill LaTorre of LCE.
At the Penthouse Club, on Castor Avenue near Delaware, men would pay $300 for 30 minutes in the champagne room or $250 for a skybox, police said. There, guys could partake in any number of sexual acts with the dancers, including "the front door, the back door and the upstairs," LaTorre said.
State Police did not immediately identify those arrested. LaTorre said the seven female dancers and one male manager were charged because they soliticted undercover officers, but he suggested more people could have been involved in prostitution.
Saturday, November 5, 2011
Matt Yglesias on working hard for your riches
The old Calvinist idea about money, as I understood it, was that hard work, discipline, and prudence were moral virtues. They were also things that are more likely than not to lead to personal prosperity. So prosperity shouldn’t be stigmatized as ignoble, it should be rather seen as something likely to flow from virtuous behavior. But this equation assumes that morally speaking what matters is the hard work, the discipline, and the prudence. Cutting corners, lying, cheating, or stealing to make a quick buck doesn’t fit the bill. Earning a multi-million dollar salary to deliver below-average performance as the CEO of a firm and then take a multi-million dollar golden parachute when you get sacked doesn’t fit the bill. Spending your days and nights dreaming up smart regulatory arbitrage schemes doesn’t fit the bill. In terms of what it says about your personal virtue, if you’re going to earn your keep identifying and exploiting previously unknown loopholes in the legal framework, you may as well just go out and break the law.
There’s no particular honor and dignity in owning the copyright to Mickey Mouse or Batman, and then spending money lobbying congress for retroactive copyright extensions. A businessman who takes the ideas of initiative, hard work, and individual responsibility seriously would forget all about that nonsense. But the idea is aloft that business executives actually have a moral obligation to spend their days finding ways to engage in profit-maximizing rent-seeking and loophole exploiting. This kind of “you should make as much money as possible through any legal means necessary” spirit is toxic to the kind of ethos that’s made the various forms of modern industrial capitalism successful. Whether or not a person who gets in a car wreck gets free surgery (as in Canada) or merely surgery implicitly subsidized through the tax code (as in the USA) is neither here nor there. A well-designed welfare state is an excellent thing to have, but to have a culture that valorizes hard work you need to actually valorize hard work not just money-making.
Stubborn desperation
Oh man, this describes my post-2008 journalism career: If I have stubbornly proceeded in the face of discouragement, that is not from confid...
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Just finished the annual family viewing of "White Christmas." So good. And the movie's secret weapon? John Brascia. Who'...
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Warning: This is really gross. When the doctors came to me that Saturday afternoon and told me I was probably going to need surgery, I got...
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A funny thing happened while reading Tim Alberta's new book. I thought about becoming a Christian again. That's maybe not the reacti...